CANBERRA OBSERVED: Band-aids won’t solve Australia’s ageing problem*

Peter Costello’s alarm bell ringing over the nation’s rapidly ageing population appears to be based more on a Treasury cold sweat about a future shortfall in tax revenue than any genuine concern for the future of Australia and the type of country we want in 40 years time.Mr Costello’s basic premise when announcing his very modest reforms to the superannuation system was that following an international trend Australia’s population was getting older.Furthermore, people were living longer, and that…

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